asia_australia

Goldpoly in new 500MW PV deal

Hong Kong-listed Goldpoly has sent another strong signal of its ambitions in the PV sector in China and beyond, signing a deal with two major Chinese partners that foresees the acquisition of 500MW of capacity.

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Goldpoly said the deal with China
Triumph International Engineering Co. (CTIEC) and Huawei will see it acquire plants
that are being developed and built by CTIEC in China, Europe, North America and
Japan.

Huawei – a China-based global IT and telecoms group – will be “preferred
provider of inverters and information and communications technology (ICT)
solutions” to the projects.

According to a Goldpoly statement, the 500MW of capacity represents
“the first batch of project pipelines between the parties”. The project deals are subject to certain conditions.

Goldpoly – which is part-owned by polysilicon giant GCL-Poly –
has rapidly emerged as one of China’s most ambitious investors in PV via a string of alliances, including similar deals with a group of developers led by GD Solar to buy 400MW of new capacity, and with PetroChina for
500MW.